On December 14th, Newcastle Place CCRC was acquired by ROC Seniors Housing, an experienced real estate investment private equity manager, in joint-venture partnership with Life Care Services LLC. Newcastle Place is a 159 Independent Living Unit entrance fee continuing care retirement community (CCRC) located on 45.8 acres in north suburban Milwaukee. Newcastle Place represents another successful investment sold by a joint-venture partnership among Westminster CCRC Investors LP (24%), Westminster CCRC Investors II LP (56%) and Life Care Services LLC (20%).
About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital. Founded in 1988, the firm is headquartered in Lake Forest, Illinois. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling approximately $700 million of investor capital. Westminster Capital oversees commercial property investments throughout the United States across several property types and investment risk-reward profiles.